Alexander Mercouris
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Russia Liquidating Dollar Holdings as it Prepares for Sanctions
News Topic 177
Abandoning dollar in NWF structure will not help Russia get rid of all risks – expert
Abandoning dollar in NWF structure will not help Russia get rid of all risks – expert
Vladislav Onishchenko, head of the Center for Strategic Research, stressed that the decision to abandon the dollar in the structure of the NWF is based on two goals: to weaken in sanctions risks and dependence on a specific currency
Dollar to be dropped from National Wealth Fund structure within one month, says minister
Dollar to be dropped from National Wealth Fund structure within one month, says minister
Russian Finance Ministry has decided to reduce the funds of the NWF invested in dollar assets and replace them by an increase in the euro and gold
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
understood: reducing USD in anticipation of sanctions. But where is the structural difference between USD and Euro in that respect? The Eurozone will most certainly follow the sanction regime of the US.
Thank you for clarifying.
They’d be far better off doubling down on preparing for war, since that’s NATO’s game.
That has already been achieved. However Russia has not prepared itself to invade Europe. It has taken the more sensible path of preparing itself to demolish any force which should be dumb enough to attack Russia.
….and let’s not be subtle. Much of the higher echelons of the US military and government are not ones to shy away from dumbness, accompanied by the British tailwaggers and followed 10 steps behind in loyal unison by the EU’s second stringers, wondering from time to time whether their oom-pah-pah band is playing a bit off key or not, but reluctant to draw attention and spoil the parade.
Agreed…